In the context of copyrights and intellectual property, what term is commonly used to describe rights that cannot be physically touched?

In the realm of copyrights and intellectual property, the term often used to describe rights that cannot be physically touched is "intangible assets." These assets represent valuable rights and privileges that exist in a conceptual form rather than a physical one. For instance, copyrights grant creators exclusive rights to their artistic works, such as music, literature, or visual art, but these rights are not material objects that can be handled.

Intangible assets encompass a variety of non-physical items, such as patents, trademarks, and copyrights, which contribute to a business's value but lack a physical presence. This concept is crucial for understanding how intellectual property is classified and valued in legal and business contexts. The focus on "intangible" highlights the importance of protecting these non-physical rights, as they play a significant role in creativity and innovation in various industries.